Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 991
jamb 2008

The cheapest source of funds available to a company is through?

Athe sale of shares
Bretained profits
Cthe sale of bonds
Dlease financing
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Question 992
jamb 2008

An example of a cartel is?

AOPEC
BECOWAS
CAU
DEU
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Question 993
jamb 2008

A proposed company may not be registered if?

Athe name conficits with that of another
Bit does not put 'limited' after its proposed name
Cit has no paid-up capital
Dit has no asset of its own
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Question 994
jamb 2008

A document which gives a legal status to a company is the certificate of?

Aincorporation
Btrading
Ccommencement of business
Dbusiness registration
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Question 995
jamb 2008

The promotion of savings culture is a feature of a?

Atrade association
Bconsumers' cooperative society
Cthirft cooperative society
Dbusiness association
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Question 996
jamb 2008

The quality and quantity of production mostly depend on the?

Aeffectiveness of factors
Bavailibility of factors
Clevel of education of enterpreneurs
Dlevel of cooperation among workers
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Question 997
jamb 2008

In the long run, all factors of production are?

Afixed
Bvariable
Cmarginal
Dconstant
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Question 998
jamb 2008

The process of changing the form of a new material is known as?

Afabrication
Bextraction
Cconversion
Dproduction
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Question 999
jamb 2008

Given:
i. Shoemaker
ii. Policeman
iii. Fisherman
iv. Gardener
v.Broker

The persons engaged in primary occupation are?

Ai,iii and iv
Biii and iv
Ciii and v
Di, ii and v
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Question 1000
jamb 2008

The art of soaping-making is an example of?

Aprimary occupation
Bsecondary occcupation
Ctertiary occupation
Dconstruction occupation
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Question 1001
jamb 2008

An activity that involves derivation of raw materials from land and sea is?

Aconstruction
Bfarming
Cagriculture
Dextraction
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Question 1002
jamb 2008

An aspect of commerce that facilitates the distribution of products is?

Atransportation
Badvertising
Cbranding
Dtrading
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Question 1003
neco 2007
In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
AI, II, III, IV and V
BI, V, III, IV and II
CII, I, IV, III and V
DIII, II, V, I and IV
EV, IV, I, III and II
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Question 1004
neco 2007
Which of the following is NOT a function of Commerce?
AAssisting Companies in raise capital
BAssisting in transporting men and materials to production points
CExtracting goods for further production and processing
DStoring goods until they are needed
EOffering employment opportunities to a large number of people
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Question 1005
neco 2007

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is

AN180,000.00
BN227,000.00
CN279,000.00
DN290,000.00
EN301,000.00
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Question 1006
neco 2007
Telecommunication services are provided by
ABureau De Change
BCourier Services
CDate Post
DNIPOST
ENITEL
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Question 1007
neco 2007
Shares that are fully paid can be converted into bulks known as
Abonds
Bcapital reserves
Cdebentures
Dguilt-edged securities
Estocks
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Question 1008
neco 2007
The practice of selling some goods below market price to attract more customers is known as
Ahoarding
Bloss leader
Cmarket sharing
Dprofiteering
Especulating
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Question 1009
neco 2007
Shares, stocks, government bonds trade in the stock exchange marks: are known as
Adebentures
Bgut-edged stocks
Cmerchandises
Dsecurities
Etreasure bills
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Question 1010
neco 2007
Which of the following regards the consumer as king?
Aconsumer behavior
Bmarketing concept
Cmarket mix
Dpricing policy
Eproduct mix
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